Reference to article posted on Zerohedge.com
thanks for reporting the news as they are.
Sheila Bair Addresses A Worried NationSubmitted by Marla Singer on 10/23/2009 17:31 -0500
100: Partners Bank, Naples, FL101: American United Bank, Lawrenceville, GA102: Hillcrest Bank Florida, Naples, FL103: Flagship National Bank, Bradenton, FL
UPDATE:
104: Bank of Elmwood, Racine, WI
105: Riverview Community Bank, Otsego, MN
As you watch the bobbing metronome of Sheila C. Bair's head during this video ("...but as I said [left tick] we have the ability to immediately access [right tock] up to $500 billion from our Treasury line [left tick]...") wonder to yourself quietly:
How is the FDIC going to slurp down another $500 billion without some roof rasing action on the debt ceiling?
How can ANYONE promise that no insured depositor will ever (until the heat death of the universe) lose a dime?
What family of narcotic sedatives are being used in this video?
I just LOVE this last comment. RC 102409
